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Julia Baker died, leaving to her husband Tony an insurance policy contract that provides that the beneficiary (Tony) can choose any one of the following
Julia Baker died, leaving to her husband Tony an insurance policy contract that provides that the beneficiary (Tony) can choose any one of the following four options. Money is worth2.50% per quarter, compounded quarterly. Compute Present value if:
-$56,910immediate cash. Present Value?
-$4,110every3months payable at the end of each quarter for5years.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present Value?
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